Exceptional mixed-use investment opportunity in a growing community serving as a desirable bedroom community to Telluride. This income-producing property features 2 commercial spaces and 6 residential units across two buildings, including a separate 3-bedroom, 1-bath home. The main building offers five rental units plus two commercial spaces, creating a diverse and stable income stream. Ample parking, on-site laundry facilities, and additional storage. With a strong rental history and consistent income performance, this turnkey property is ready to go while still offering future upside and investment potential in an increasingly desirable market with continued regional growth and housing demand.

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Parking

Open Area Parking3 Car +
ParkingDesign Open

Building

Full Bath6
Half Baths2
LevelStreet Level
Year Built1974

Property

Lot31-36
Year Remodeled2024

Utilities

Common UtilitiesRegular Phone
ElectricPower Company
GasNatural
Primary HeatElectric
SanitationSewer
Utility Info Phone LinesRegular Phone
Utility Info Primary HeatCombination
WaterCity

Basic Information

Bathroom8
Date Listed06/01/2026
DisclosuresLeased
List Price$1,474,800
MLS Number44539
Property TypeCommercial
Source Sq FtArchitect
Square Feet5,939
StatusACT
Tax Year2025
Taxes$4,930
TypeMixed Use

Legal

LegalLOTS 31 THRU 36 BLK 6W BLIZILS SUB NORWOOD SW4 SEC22 45N 13W NMPM
PossessionSubject to leases
ZoningResidential/Commercial

Location

AreaNorwood/Redvale (Major Area 50)
CountySan Miguel County
DirectionsProperty is located on the west end of Norwood at the north west intersection of Grand Ave and Lincoln Street.
MLS Area MinorNorwood/Redvale (Major Area 50)
Major Area50
Special LocationMain Street
TownNorwood

Exterior

RoofMetal

Property Information

Land Sq Ft21450

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1175 Grand AvenueNorwood, CO 81423MLS Number 44539

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1175 Grand AvenueNorwood, CO 81423MLS Number 44539

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